’Guerilla Islamic finance:’ Islamic banking the Azerbaijani way

Despite government suspicions about the threat any religion-based activities may have for secularism, an increasing number of Azerbaijanis are exploring ways to introduce Islamic banking into the country, within the existing legal and normative framework, however unfriendly to such efforts those arrangements are.  This article considers some of the challenges these efforts face and analyzes what some call “Guerilla Islamic Finance” as a possible harbinger of future trends ...